70-million Americans will get a bump in their Social Security checks next year.
Very few of us have been able to keep up with inflation. Social Security recipients are an exception.
The massive 8.7% increase in Social Security checks coming in January is an enormous benefit to Social Security recipients.
How about the rest of us? Most people who are still in the workforce have only been able to keep up with inflation by changing jobs.
Employers have typically not given raises that come anywhere near this increase for their current employees.
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